Background Investors have turned less bearish on the Chinese yuan and Singaporean dollar, among other Asian currencies, as they cut short bets due to fears of a banking crisis. According to a recent Reuters poll, this shift in sentiment comes as major central banks pause in policy tightening. The poll,.

Introduction Lebanon’s central bank is taking drastic measures to combat the spiralling devaluation of the Lebanese pound. On Tuesday, Governor Riad Salameh announced that the bank will begin selling unlimited amounts of US dollars. The move comes as the exchange rate on the central bank’s platform, Sayrafa, has steadily risen.

The US dollar has fallen to its lowest level since mid-February as Treasury yields increase before the Federal Reserve rate decision. Expectations of a rate move have slightly increased, but are still not fully priced in. US dollar sinks to mid-February lows The US dollar is struggling on Wednesday despite.

The euro reached its highest level in over a month following warnings from ECB officials about the ongoing inflation pressure and their reluctance to loosen policy in the near term. This article delves into the implications of this development. Euro Surges as ECB Officials Reveal Inflation Pressure The euro has.

Introduction The US dollar has been experiencing a losing streak for the past few days as the Federal Reserve hinted at the end of interest rate hikes. The Swiss franc, on the other hand, has risen after its central bank raised rates. This article will delve into the details of.

The Bangko Sentral ng Pilipinas (BSP) is expected to raise its policy rate by 25 basis points (bps) in the coming weeks, according to UOB Group Economist Lee Sue Ann. The anticipated move comes as the central bank tries to control rising inflation and a revised timeline for the US.

The Bank of England (BoE) is set to announce its decision on interest rates on Thursday, and economists at Commerzbank have warned that if the central bank decides to pause its rate hike cycle, Sterling may suffer. Commerzbank economists believe that the BoE’s decision will be crucial in determining the.

Economists at Credit Suisse have a positive outlook for the Chinese yuan, despite the challenges facing China’s economy. They predict that the yuan will continue to be supported by growth-friendly policies and recent measures taken by the Chinese government to boost economic growth. According to Credit Suisse, the yuan is.

The US dollar is trading near five-week lows in early European trade, as investors await the latest Federal Reserve interest rate decision. The Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 102.825 at 03:55 ET (07:55 GMT), just above a new.

Lebanon’s central bank has announced that it will begin selling unlimited amounts of US dollars in response to the devaluation of the Lebanese pound. The move comes after the pound’s parallel market rate weakened from roughly 121,000 to the US dollar on Tuesday morning to 140,000 by the afternoon, leading.

Introduction Statistics Canada is set to release consumer inflation figures for February, which will impact the Bank of Canada’s (BoC) Core CPI and the USD/CAD pair. The expected rise in the headline CPI and the projected deceleration of the yearly rate could impact the Canadian Dollar, particularly after the BoC.

Alan Ruskin, chief international strategist at Deutsche Bank AG, has warned that the Federal Reserve’s decision to inject US dollar liquidity into the monetary system is a clear negative for the currency. In a coordinated effort with five other central banks, the Fed announced the move on Sunday to ease.